The competition watchdog has begun an initial review of Johns Lyng Group’s bid to buy a 60% stake in C&M Build Group.

Johns Lyng last week notified the Australian Competition and Consumer Commission of the proposed acquisition, under rules that require its approval if certain thresholds are met.

Submissions on the proposed deal and possible market impacts, including provision of services to insurers or loss adjusters, must be made to the commission by Wednesday.

“Johns Lyng Group’s operations in Australia comprise its core business of insurance building … C&M Build Group specialises in the provision of end-to-end construction services for the insurance, residential and commercial sectors, including restoration, construction, disaster management and related services,” the commission said.

“[They] overlap in the supply of insurance building and restoration services.”

The phase one assessment determination period will end on September 16.